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RENKO system with Mihailo!

  • #1,501
  • Jun 19, 2013 8:27am Jun 19, 2013 8:27am
Quoting Satex
Hello Nasap, I am pretty much using the same setup as you do however I have a question. Don't you have any problems with the repainting of the OSMA/MACD? For example it only turned red on my screen after three additional bars appeared (painting all three of them red now) making it too late for me to join in as the price went up after that. Or would this be a lag issue because of the EA renko I use instead of the 3.2?
This might be the problem but not sure about it. Some others report the same problem, while I have only on strong upcoming PA.

Quoting Satex
Also if all blocks are red, PA under coral, and PA below cloud do you wait for a full block to get under the cloud or step in immediately? I am still trying to work out the right places to get in but sometimes after a single block the price explodes and rises 3/4 blocks. And another time you wait a for moments and in that short period there are suddenly 7 or 8 blocks under 30 seconds and I wonder if I am too careful or stepping in too late? (damn you GBPUSD).
It depends on the chart! If I can recognize some nice highs or lows, an A-B-C-Formation or a Fibo Retracement that I can draw a trendline, I configure it for the TrendLine EA. After all is done I sit back and wait. Thats why I prefer to trade with the Trendline EA.

This EA you can download >>here<< Scroll down to the download section and watch the video that you know how to use it!

Quoting Satex
That said so far your tips have helped me getting some pips.



regards nasap
The little nut in your head is called brain. Use it!
  • #1,502
  • Jun 19, 2013 8:43am Jun 19, 2013 8:43am
Quoting adubasu
Question I have for you is why do you need two M1s? I only see the M1 with the RenkoEA, a M2 with the coral and M3 chart with all the indies.
Because I do not use the RenkoLiveChart_v3.3 EA, but the v3.2 instead! This older EA needs a M1 chart for every offline chart. But imho its not using resources that much.

Quoting adubasu
Also, what did you observe that made you drop some of the original indies such as: MFI,T3,Flat, and EasyRider?
I do not need them for my trading and in some cases they kept me from entering a trade even.


regards nasap
The little nut in your head is called brain. Use it!
  • #1,503
  • Jun 19, 2013 8:49am Jun 19, 2013 8:49am
Quoting solorik
please can you attach the latest template and indicators you're using

Please start reading >>here<<


regards nasap
The little nut in your head is called brain. Use it!
  • #1,504
  • Jun 19, 2013 11:04pm Jun 19, 2013 11:04pm
Anybody's MT4 keep closing out of nowhere, 5 pairs running nasap's templates plus the FFCal and MarketHours. 5 SignalE is not running, and using RenkoLiveChart_v3.3x2. Thanks in advance
  • #1,505
  • Jun 19, 2013 11:37pm Jun 19, 2013 11:37pm
I'm already testing a new layout / setup. But the most disadvantage again, too much hungry! My solution for this, working with profiles. One profile with 3 pairs and the other with 2 pairs.

Why? I found out that the Trix indicator is not a useful one. I replaced it with 3 indicators of the #pallada system. The big plus is the very clear entry signal and to filter the ranges. Still testing but the preliminary version I wanna show you already.

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lg nasap
The little nut in your head is called brain. Use it!
  • #1,506
  • Jun 20, 2013 12:09am Jun 20, 2013 12:09am
Quoting nasap
I'm already testing a new layout / setup. But the most disadvantage again, too much hungry! My solution for this, working with profiles. One profile with 3 pairs and the other with 2 pairs. Why? I found out that the Trix indicator is not a useful one. I replaced it with 3 indicators of the #pallada system. The big plus is the very clear entry signal and to filter the ranges. Still testing but the preliminary version I wanna show you already. {image} {image} {image} {image} lg nasap
Hi nasap,
Interesting stuff you have there. Could you please share the indicators, ie. Pallada, you have on your chart please? I'd like to give it a whirl myself. Thanks very much.
  • #1,507
  • Jun 20, 2013 1:03am Jun 20, 2013 1:03am
Quoting viperone39
{quote} Hi nasap, Interesting stuff you have there. Could you please share the indicators, ie. Pallada, you have on your chart please? I'd like to give it a whirl myself. Thanks very much.
Since the #Pallada System is a paid version, I cannot share the indis. What I find out is there are some !!!free!!! versions available. I dont know about that indis and if they will work. Just do some research with the search engine of your trust. Sorry!


regards nasap
The little nut in your head is called brain. Use it!
  • #1,508
  • Jun 21, 2013 3:41am Jun 21, 2013 3:41am
Hello guys, as an expert of trading the renko charts you know, never use it without an overview on other time frames / charts. For this you can use the higher time frames like H1 or H4 with lots of indicators again, but this might slow down your system. How you can solve the little problem? Create a dashboard like the one on the picture. Open a new chart with your preferred currency and drag and drop the MetaWatcher indicator on the chart. Open the properties of the indicator and type in the names of the pairs you want it to display.

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Good luck!

regards nasap
The little nut in your head is called brain. Use it!
  • #1,509
  • Edited 5:39am Jun 21, 2013 5:36am | Edited 5:39am
And here are the results again! 3 trading days only for the past week with a total of 13 Trades and 375 Pip gain.

The result for the past 4 weeks with two pictures:

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Allways good luck and many pips for all of you!


regards nasap
The little nut in your head is called brain. Use it!
  • #1,510
  • Jun 21, 2013 8:29am Jun 21, 2013 8:29am
Quoting nasap
Hello guys, as an expert of trading the renko charts you know, never use it without an overview on other time frames / charts.
How you can benefit from a dashboard like MetaWatcher? I wil show you an illustration of a Trade. The signal for sell is given some time ago already. From time to time check the dashboard and actually it looks pretty good.

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Configure the LineTrader EA for the entry or just open the Trade on one of the next possible bars.

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Watch the dashboard periodically especially if trend stucks. But it looks pretty good that it will trigger TP.

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Finally be happy for that you've done well and also for the profit!

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,511
  • Jun 22, 2013 1:04pm Jun 22, 2013 1:04pm
Hi Nasap,

can you please attach indicators and tpl. Which can be seen on your picture. Thank you!
  • #1,512
  • Jun 24, 2013 7:02am Jun 24, 2013 7:02am
My Trades for today:

AUDJPY ==> 50 Pip
EURJPY ==> 35 Pip
NZDJPY ==> 25 Pip

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,513
  • Jun 24, 2013 10:06pm Jun 24, 2013 10:06pm
Hi guys, can anyone tell me or is experiencing there MT4 crashing randomly?!?!? I have attached the screenshot of my template, and am using RenkoLiveChart_v3.3x2 EA. Any insight would be appreciated, Thanks!
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  • #1,514
  • Jun 24, 2013 11:49pm Jun 24, 2013 11:49pm
Quoting adubasu
Hi guys, can anyone tell me or is experiencing there MT4 crashing randomly?!?!? I have attached the screenshot of my template, and am using RenkoLiveChart_v3.3x2 EA. Any insight would be appreciated, Thanks! {image}
Looks like my chart but the only what's different is the "HA" indicator since I'm using the original metaquotes heiken ashi indicator.

Attached Image


And I'm using some additional charts so my total charts is 17.

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My advice for you is to check the history folder 1st. There might be some files too big already. 2nd delete the *.log files in sub directory "logs" of metatrader and experts. For this you must close your metatrader and after deleting the *.log files you start it again.

Hope this works for you.


regards nasap
The little nut in your head is called brain. Use it!
  • #1,515
  • Jun 25, 2013 12:13am Jun 25, 2013 12:13am
Quoting nasap
{quote} Looks like my chart but the only what's different is the "HA" indicator since I'm using the original metaquotes heiken ashi indicator. {image} And I'm using some additional charts so my total charts is 17. {image} My advice for you is to check the history folder 1st. There might be some files too big already. 2nd delete the *.log files in sub directory "logs" of metatrader and experts. For this you must close your metatrader and after deleting the *.log files you start it again. Hope this works for you. regards nasap
Thank you a tons nasap, very thorough I greatly appreciate it!
  • #1,516
  • Jun 25, 2013 8:47am Jun 25, 2013 8:47am
One Trade for today so far! Not a real good trading day, price jumps a bit above and below the coral like a monkey on the rope and not really to detect what direction it is tending.

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,517
  • Jun 25, 2013 12:22pm Jun 25, 2013 12:22pm
Hi,
Nasap.
I really appreciate your screenshots and the table you have posted here. Please help with a few of my doubts.
1. I understand the entry, but serious question is how to exit.I know perfectly where to place the stops as soon as I enter.
2.The pairs you have trading, has all these been tested.
3. No matter you buy a Rolex watch or a roadside watch, the time will show the same.
Please do not get me wrong for making this statement.I want to know if we can apply the same strategy for CFD's and metals as well?
I have downloaded the files but unable to set the ea running, it does not trade... Is it automated or not?
Please reply, I am eagerly waiting for your valuable reply.
Regards,
Ravi
Ravi Kiran T V
  • #1,518
  • Jun 25, 2013 10:09pm Jun 25, 2013 10:09pm
Quoting RaviKiran
time will show the same. Please do not get me wrong for making this statement.I want to know if we can apply the same strategy for CFD's and metals as well? I have downloaded the files but unable to set the ea running, it does not trade... Is it automated or not? Please reply, I am eagerly waiting for your valuable reply. Regards, Ravi
The EA is to feed the M2 and M3 offline charts it does not actually do the trades for you, you have to do that manually
  • #1,519
  • Jun 25, 2013 10:13pm Jun 25, 2013 10:13pm
Quoting RaviKiran
Hi, Nasap. I really appreciate your screenshots and the table you have posted here. Please help with a few of my doubts. 1. I understand the entry, but serious question is how to exit.I know perfectly where to place the stops as soon as I enter. 2.The pairs you have trading, has all these been tested. 3. No matter you buy a Rolex watch or a roadside watch, the time will show the same. Please do not get me wrong for making this statement.I want to know if we can apply the same strategy for CFD's and metals as well? I have downloaded the files...
1. I am working with fixed tp for all pairs and shorten sl in some cases

2. they are correlated to each other

3. What's the question?

I can't tell you when you have to realize the tp, you have to find out what fits you the best. If you already know how you must set sl, the only answer is take your profit in time, don't let it go again! Imho you can use the setup for anything to trade your broker offers. If you have questions about CFDs and metals, just ask the people deal in CFDs and metals.

What ea you are talking about? There is one ea only, the RenkoLiveChart ea and it is not an automated system at all. You kindly start reading on first page!


regards nasap
The little nut in your head is called brain. Use it!
  • #1,520
  • Jun 26, 2013 6:24am Jun 26, 2013 6:24am
hello nasap please i want to know.
1.i still dont understand where do you set your stop loss and how many pips.
2. how many pips box do you use
3. do you know about median renko chart, cause iam using it
4.the moving average what is the period or seting
5. can one use dashboard timeframes to analyse renkochart, cause presently iam still battle with pipware dashboard. pls i will glad if you provide me with this solutions thanks.
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